GBP/USD: Topping Near 1.62 Mark?

 | Oct 25, 2013 03:13PM ET

Talking Points

    • A bearish Dark Cloud Cover pattern hints 1.6235 (23.6% expansion) is a possible double top
    • Initial support is at 1.5918 (23.6% retracement); a break lower exposes 1.5707 (38.2% Fib)
    • A turn above 1.6235 targets 1.6446 (38.2% Fib expansion)